Property profile

11200 Jefferson Ave Detroit, MI 48214

OFF-MARKET
Grocery and convenience stores
Property ID
US43-0549282
93,850 SF 6.56 ac lot Built 2003
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Shops at Jefferson Village offers a fantastic opportunity for retailers seeking high-visibility space in a thriving Wayne County neighborhood center. This 92,392 square foot property boasts a strong grocery anchor and excellent retail synergy, attracting a significant customer base. Located within a 5-mile radius of over 200,000 residents, the center benefits from its proximity to Chrysler's Stellantis Assembly Plant, providing a substantial daytime workforce. The property enjoys exceptional visibility from East Jefferson Road, ensuring maximum exposure for your business. Three spaces are currently available, ranging from 2,000 to 10,000 contiguous square feet, with a total of 14,771 square feet currently vacant. Ample parking is provided with 394 spaces available for tenant and customer use. This is an ideal location for businesses seeking a strong presence in a densely populated area with high traffic volume and a proven track record of success. The property's multiple tenancy structure offers a diverse and vibrant shopping environment, creating a synergistic atmosphere that benefits all tenants. Don't miss this chance to establish your business in a prime retail location with excellent visibility and ample parking. Contact us today to learn more about leasing opportunities and secure your space in this thriving retail center.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2003
Total area 93,850 SF
Lot 6.56 ac (285,754 SF)
APN 21000449-55
UPID US43-0549282

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11200 Jefferson Ave Detroit, MI 48214-3320
Detroit metro Census 513700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.03M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2013
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
Price N/A
2016
Price N/A
2013
$1.8M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $13.2M +104.2%
Commercial (general) $8.6M +32.1%
Restaurant $8.6M +32.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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